US Stock Price Fluctuated | Beyond Meat (BYND.US) rose more than 10% receiving a target price increase from Nomura analyst.

On Thursday, Beyond Meat (BYND.US) continued yesterday's momentum, rising more than 10% to $10.826 as of the time of writing. Mizuho analyst John Baumgartner maintained a rating of "underperform" for Beyond Meat and raised the target price from $5 to $7. Earlier, Beyond Meat announced its fourth-quarter 2023 financial results, with revenue exceeding expectations at $73.7 million. This was due to strong demand for its plant-based burgers in key markets outside the US. The company stated that it would further adjust pricing strategies in 2024 to enhance market competitiveness.